BNB just lost its floor đ
$BNB slipped to ~$590, down ~7% today â and it smashed straight through the $612 triangle floor that was supposed to hold.
Good news: Binance covered the Oct 29 incident losses with SAFU and its own funds this week, so the exchange side is fine. Bad news: the chart doesn't care.
Levels: support $583 (today's low), then $550. Resistance $612 (old floor, now ceiling), then $650. RSI ~42 â not even oversold yet.
Spot holders, this is the hold-the-line moment. $612 decides if this was a fake-out or the start of something worse.
Not financial advice. DYOR.
#BNB #Crypto
$BNB slipped to ~$590, down ~7% today â and it smashed straight through the $612 triangle floor that was supposed to hold.
Good news: Binance covered the Oct 29 incident losses with SAFU and its own funds this week, so the exchange side is fine. Bad news: the chart doesn't care.
Levels: support $583 (today's low), then $550. Resistance $612 (old floor, now ceiling), then $650. RSI ~42 â not even oversold yet.
Spot holders, this is the hold-the-line moment. $612 decides if this was a fake-out or the start of something worse.
Not financial advice. DYOR.
#BNB #Crypto